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Technology Development & Implementation
After a merger, a major oil and gas company found it was left with multiple trading systems, which were not well coordinated and supported only limited types of trading.
Development Planning in the Upstream Oil & Gas Industry determines how best to extract the hydrocarbons from a discovered accumulation and export them to an appropriate market. The focus is usually on two primary areas: which facilities to build (and where), and how many wells to drill. Facilities can include offshore platforms, FPSOs, spars, and/or subsea manifolds (in an offshore scenario), as well as fluids processing equipment, safety equipment, pipelines, crew amenities, etc. (in both offshore and onshore scenarios).
Decision Strategies understands that development is usually the single largest capital expenditure throughout the life cycle of an oil or gas asset, and the key objective of this stage is usually economic optimization. We help clients find the correct balance between maximizing field production and minimizing capital and operating expenses – and do so in a manner that follows industry best practice safety guidelines.